Asian equities took a beating this week as geopolitical jitters rattled investor confidence. The spike in US-Europe tensions around territorial disputes—combined with a fresh bout of Japanese bond market turbulence—sent regional bourses into a tailspin. Meanwhile, safe-haven assets told the story: gold climbed steadily as risk sentiment soured, while the US dollar weakened under mounting uncertainty. Even mega-cap tech got hit; Netflix shares sold off on concerns about escalating content spending. The classic macro divergence is playing out—traditional equities retreating, defensive plays advancing. For traders watching macro cycles, these moves underscore how quickly sentiment shifts can ripple across asset classes and reshape portfolio correlations.